The News Review:

- Forex - Dollar rangebound in Tokyo trade ahead of US data, Bernanke…
- Forex - Pound consolidates gains on record producer prices, dollar…
- Forex - Euro, pound remain weak against dollar

Forex - Dollar rangebound in Tokyo trade ahead of US data, Bernanke…
Forbes - May 12, 2008
Retail sales figures are expected to be released on Tuesday, while consumer price inflation figures may be released on Wednesday and housing starts on Friday. Investors were also waiting for the statement from Federal Reserve Chairman Ben Bernanke later Tuesday for further indications on interest rates, the state of the credit market, and the expected impact on the stock market and crude oil prices.

Forex - Pound consolidates gains on record producer prices, dollar…
Forbes - May 12, 2008
Input prices rose 2. 4 percent, well above analyst forecasts of a 2. 0 percent rate, for a big 23. 0 percent annual gain.

Forex - Euro, pound remain weak against dollar
Forbes - May 12, 2008
The euro has suffered from weak economic data — in consumer and business confidence, retail sales and manufacturing activity — which have suggested that the euro zone is set for a sharp slowdown in growth. The common currency was not buoyed for long by hawkish rhetoric on Thursday by the European Central Bank, which remains concerned about inflation, as markets look through the talk and have swung from expecting a rate hike later this year to now pricing in a cut. ‘Short speculative euro positions.